What Is a Unified Managed Account?

A unified managed account (UMA) is a professionally managed private investment account that may hold a variety of different investments in one place. Mutual funds, stocks, bonds, and exchange-traded funds are examples of possible investments. On a regular basis, unified managed accounts are rebalanced.
It’s a sort of account that’s popular among high-net-worth individuals who desire a wider variety of investments than a separately managed account can provide.